I need help!!!!
According to Money magazine, Maryland had the highest mean annual household income of any state in 2018 at $75,847 (Time.com website). Assume that annual household income in Maryland follows a normal distribution with a mean 75847of and standard deviation of 33,800 .
d. What is the annual income of a household in the 90TH percentile of annual household income in Maryland (to the nearest dollar)?
Answers
The annual income of a household in the 90th percentile of annual household income in Maryland is approximately $43,328, based on a normal distribution with a mean of $75,847 and a standard deviation of $33,800.
What is the annual income of a household in the 90TH percentile of annual household income in Maryland?To find the annual income of a household at the 90th percentile, we need to determine the value of the income that corresponds to the point where 90% of the distribution lies below it. In other words, we are looking for the value that separates the lowest 90% of incomes from the top 10%.
The formula to calculate the Z-score for a given percentile is:
\(\[Z = Z_{\text{percentile}} = \Phi^{-1}(\text{percentile})\]\)
Where \(\(\Phi^{-1}\)\) is the inverse cumulative distribution function of the standard normal distribution (Z-distribution).
For the 90th percentile, the percentile value is 0.90.
Using the formula:
\(\[Z_{\text{90th percentile}} = \Phi^{-1}(0.90)\]\)
You can use a standard normal distribution table, calculator, or statistical software to find the Z-score for the 90th percentile. The Z-score corresponding to the 90th percentile is approximately 1.282.
Now that we have the Z-score, we can find the corresponding income value using the formula for the Z-score:
\(\[Z = \frac{X - \text{mean}}{\text{standard deviation}}\]\)
Solving for X (the income at the 90th percentile):
\(\[X = Z \times \text{standard deviation} + \text{mean}\]\)
Substitute the values:
\(\[X = 1.282 \times 33,800 + 75,847\]\)
Calculate:
\(\[X \approx 43,328.236\]\)
Rounding to the nearest dollar, the annual income of a household in the 90th percentile of annual household income in Maryland is approximately $43,328.
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Related Questions
According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
Answers
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
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How soon does a landlord have to return a security deposit in Florida?
Answers
Answer:
15days
Explanation:
what are voluntary and organized associations of people that attempt to influence public policy and policymakers on a particular issue?
Answers
Interest group is a voluntary and organized associations of people that attempt to influence public policy and policymakers on a particular issue.
What do you mean by Policy?A policy is an official decision made by a group of people, a commercial organization, the government, or a political party about a certain course of action.
Interest groups, also known as special interest groups, advocacy groups, or pressure groups, are associations of people or organizations that are typically formally constituted and that aim to sway public policy in their favor based on one or more shared concerns.
Nongovernmental Organization (NGO), a voluntary association of people or groups founded to offer services or promote public policies but often not connected to any government. While some NGOs are for-profit businesses, by far the bulk are nonprofit institutions.
Therefore, Voluntary and organized associations of people that attempt to influence public policy and policymakers on a particular issue are interest groups.
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What do most business people think is the primary purpose of business?
OA. To protect private property
B. To generate wealth
OC. To invest all profits back into the business
D. To fix the problems of society
HESS AND MARKETING
PREVIOUS
Answers
What do most business people think is the primary purpose of business is C. To invest all profits back into the business.
What is business?A business can be described as the organization or enterprising entity that focus on the commercial as well as the industrial, or professional activities.
It should be noted that Businesses are been made to generate profit and this was the belief of most of the entities or non-profit organizations.
Therefore, What do most business people think is the primary purpose of business is C. To invest all profits back into the business.
Some of the common business are:
limited liability companies sole proprietorships corporations partnerships.Learn more on business at:
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Raggs, Ltd. a clothing firm, determines that in order to sell x suits, the price per suit must be pequals180 minus 0.5 x. It also determines that the total cost of producing x suits is given by Upper C (x )equals5000 plus 0.75 x squared. a) Find the total revenue, Upper R (x ). b) Find the total profit, Upper P (x ). c) How many suits must the company produce and sell in order to maximize profit? d) What is the maximum profit? e) What price per suit must be charged in order to maximize profit?
Answers
Answer:
Explanation:
(a) R(x) = x(150 - 0.75x) => 150x - 0.75x²
(b) P(x) = R(x) - C(x) => 150x - 0.75x² - (2000 + 0.75x²)
so, P(x) = 150x - 2000 - 1.5x²
(c) Now, P '(x) = 150 - 3x = 0....at maximum
i.e. when x = 50 suits
(d) P(50) = 150(50) - 2000 - 1.5(50)²
=> 7500 - 2000 - 3750
i.e. £1750
(e) price --> 150 - 0.75(50) => 150 - 37.5
Hence, price per suit is £112.50 in order to maximise profits.
Beverage International reports net credit sales for the year of $252,000. The company's accounts receivable balance at the beginning of the year equaled $48,000 and the balance at the end of the year equaled $58,000. What is Beverage International's receivables turnover ratio
Answers
Answer:
4.8
Explanation:
The formular to find the receivable turn over ratio is
= net credit sales/average.
account receivable
The values given are:
Net credit sales for the year=$252,000
Company account receivable balance at the beginning of the year= $48,000
Company account receivable balance at the end of the year= $58,000
To find the average account receivable we will sum both balance and divide by 2
= 48,000+58,000/2
= 106,000/2
= $53,000
Average account receivable is $53,000
Therefore, receivable turn over ratio is
= $252,000/$53,000
= 4.8
Thus, Beverage international's receivables turn over ratio is 4.8
For this discussion, you should put yourself in the role of a moderator as you:
Answers
Unions are organizations that represent workers in a particular industry or profession. Their primary goal is to protect the rights and interests of workers by negotiating better wages, benefits, and working conditions.
What are the policies of the Union?Unions are organizations formed by workers to protect their interests and rights in the workplace. They advocate for collective bargaining, fair wages and benefits, workplace safety, non-discrimination, job security, training and education, and political advocacy.
What are the labor laws?Labor laws are laws that govern the relationship between employers and employees in the workplace. Examples include minimum wage laws, overtime laws, anti-discrimination laws, health and safety laws, leave laws, unionization laws, and employment contract laws. These laws govern the rights of employees to form and join unions and establish the legal requirements for collective bargaining.
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What are unions? What are their roles and policies?
PLEASE HELPP
Luis is setting up a new business and exploring ownership options with the least amount of restrictions. What question might Luis ask himself that addresses this issue as he explores to ownership options for his new business?
Group of answer choices
How much money do I need to start my business?
Do I have the expertise needed to run my business myself?
Am I willing to share profits with other people?
Can I avoid complicated government regulations and business reporting?
Caleb has always been interested in becoming an entrepreneur, but he knows how risky it can be. What type of entrepreneur could Caleb become that might be less risky and allow him to use another already established business’s name and resources in return for a fee such as Chick-fil-A or Jamba Juice?
Group of answer choices
franchisee
marketer
sole entrepreneur
an entrepreneurial leader
Izzy is currently busy catching up on various administrative paperwork such as quoting, invoicing, and accounting. What will staying on top of this type of paperwork help her business establish?
Group of answer choices
lower profits
good records
popularity with consumers
bonus points with the IRS
Answers
second answer: franchisee
third answer: good records
The question might Luis ask himself that addresses this issue as he explores to ownership options for his new business is Am I willing to share profits with other people. Option C is an appropriate response.
What are different ownership options in business?The different types of ownership options in business are
Sole proprietorship- As a sole proprietor, you own the company and are personally liable for any debts or other obligations.Partnership- The business is owned by partners and has joint and several liability.Corporations - Corporations, like publicly traded corporations, can have a single shareholder or millions.Cooperative- Charitable trusts are trusts, whereas foundations can be either corporations or trusts. Trusts are legal entities that are formed by an attorney and registered with a court.The type of entrepreneur could Caleb become that might be less risky and allow him to use another already established business’s name and resources in return for a fee such as Chick-fil-A or Jamba Juice is franchisee.
Hence, Option A is an appropriate response.
Good records is a type of paperwork that will help her business establish.
Hence , Option B is an appropriate response.
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in international trade the Monopoly tendency appearing in which form
Answers
Answer:A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes. An unregulated monopoly has market power and can influence prices. Examples: Microsoft and Windows, DeBeers and diamonds, your local natural gas company.
Explanation:
In international trade monopoly appears in the form of a single seller or producer of a commodity which has no close substitute.
The monopolist is the one that is responsible for setting the price here. He has no competitors. What he sets is what the market buys at.
In such a market only one company renders its service or goods to the entire market. The company usually enjoys abnormal profit due to the reasons that I have stated above.
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Brody Corp. uses a process costing system. Beginning inventory for January consisted of 1,900 units that were 46% completed. 10,300 units were started during January. On January 31, the inventory consisted of 530 units that were 76% completed. How many units were completed during the period
Answers
Answer:
11,670
Explanation:
Calculation for How many units were completed during the period
Beginning inventory 1,900
Add units started 10,300
Less ending inventory equals completed units 530
Units completed 11,670
(1,900+10,300-530)
Therefore How many units were completed during the period were 11,670
What is our planet called?
Answers
Answer:
Earth
Explanation:
Answer:
Earth
Explanation:
what means liability
Answers
Answer:
the amount of money that a person or company owes
Outline the main principles for the consolidation of financial statements. Illustrate your discussion with the use of examples.
Answers
The main principles for the consolidation of financial statements are:
Combine like items of assets, liabilities, equity, income, expenses and cash flows of the parent with those of its subsidiaries;Offset (eliminate): The carrying amount of the parent's investment in each subsidiary; and - The parent's portion of equity of each subsidiary;Eliminate in full intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between entities of the group.What should we know about Consolidated Financial Statements?In general, financial statement consolidation necessitates a company integrating and combining all of its financial accounting functions in order to produce consolidated financial statements that show results in standard balance sheet, income statement, and cash flow statement reporting.
The decision to file consolidated financial statements with subsidiaries is usually made on a year-to-year basis and is frequently motivated by tax or other benefits. The criteria for filing a consolidated financial statement with subsidiaries are primarily based on the parent company's ownership of the subsidiary.
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8. What includes retail sales, housing starts, and truck and
auto sales
Answers
Answer:
monthly data series in a GDP
Explanation:
A GDP is defined as the actual domestically manufactured or produced products or the services provided in a financial year which describes or estimates the financial status or economic status of a country. GDP stands for Gross domestic product.
By analyzing the monthly data series of goods or services produced one can predict the real GDP of a country to be. One can use the monthly observations of the employment, unit auto as well as truck sales, sousing starts, retail sales, trade, automobile inventories, manufacturing, shipment of machinery and equipment, index of the industrial production, etc. to predict the GDP growth or get an idea of the GDP figures that are going to show the robust growth of the economy.
The following data pertain to an investment proposal (Ignore income taxes.): Cost of the investment $ 56,000 Annual cost savings $ 16,000 Estimated salvage value $ 6,000 Life of the project 5 years Discount rate 10 % Click here to view Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the proposed investment is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $34,000 $4,656 $3,726 $8,382
Answers
Answer: $8,382
Explanation:
First find the present value of the cash benefits which are the cost savings and the salvage value:
= (Cost savings * Present value interest factor of annuity, 5 years, 10%) + Salvage value / ( 1 + rate) ^ no of periods
= (16,000 * 3.7908) + 6,000 / ( 1 + 10%)⁵
= $64,378
Net Present value = Present value of benefits - Cost of investment
= 64,378 - 56,000
= $8,378
= $8,382 from options. Difference due to rounding errors.
Adams Furniture receives a special order for 10 sofas for a special price of $6,400. The direct materials and direct labor for each sofa are $160. In addition, supervision and other fixed overhead costs average $180 per sofa.
Required:
a1. What is the impact on operating income from accepting the special order?
a2. Based solely on a short-term financial analysis, should Adams accept the special order?
b1. If Adams is currently operating at full capacity, what would be the opportunity cost per unit for lost sales to regular customers if the special sales order is accepted and the selling price per unit on regular sales equals $750?
b2. Based solely on a short-term financial analysis, should Adams accept the special order if it is currently operating at full capacity?
Answers
The operating income from special order is $1400 and the opportunity cost per unit for lost sales to regular customers is $430.
What is the impact of the special order on the operating income?a1. To determine the impact on operating income from accepting the special order, we need to calculate the total cost per sofa and compare it to the special price of $6,400 for 10 sofas.
Total cost per sofa = Direct materials + Direct labor + Fixed overhead
Total cost per sofa = $160 + $160 + $180
Total cost per sofa = $500
Revenue from special order = $6,400
Operating income from special order = Revenue - Total cost
Operating income from special order = $6,400 - ($500 x 10)
Operating income from special order = $1,400
Therefore, the impact on operating income from accepting the special order is an increase of $1,400.
a2. Based solely on a short-term financial analysis, Adams should accept the special order since it will result in an increase in operating income.
b1. If Adams is currently operating at full capacity, accepting the special order will require the company to forgo regular sales to its customers. The opportunity cost per unit for lost sales to regular customers can be calculated as follows:
Opportunity cost per unit = Selling price per unit - Total variable cost per unit
Opportunity cost per unit = $750 - $320
Opportunity cost per unit = $430
Therefore, the opportunity cost per unit for lost sales to regular customers is $430.
b2. Based solely on a short-term financial analysis, whether Adams should accept the special order if it is currently operating at full capacity depends on whether the contribution margin from the special order is greater than the opportunity cost per unit for lost sales to regular customers.
Contribution margin per unit = Selling price per unit - Total variable cost per unit
Contribution margin per unit = $6,400 / 10 - $320
Contribution margin per unit = $640 - $320
Contribution margin per unit = $320
Since the contribution margin per unit of $320 is greater than the opportunity cost per unit for lost sales to regular customers of $430, Adams should accept the special order. However, it's worth noting that accepting the special order could have long-term consequences on the company's relationships with its regular customers.
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A company uses the periodic average cost inventory method. On August 1, it purchases 5 units units of inventory at $6.50 and on August 20, it purchases 10 units at $7.25. There are 3 units of inventory left at the end of the month. How much is cost of goods sold?
Answers
There are just 3 units of inventory left at the end of the month. The price for the goods sold was $82.50.
How does the average cost technique determine ending inventory?Tally every each item in the inventory that is still unsold. Then, multiply that amount by the typical item cost. The result is the overall average cost of ending inventory.
What is the regular inventory's average cost approach?The periodic average cost technique examines inventory by taking into account all period expenditures, invoices, and other alterations that are only known at the end of the period. It is beneficial to periodically value the inventory.
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Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Classes
Customers
Products and Services
Locations
Tax Code
Answers
The Batch Reclassify Transactions tool in QuickBooks Online Accountant provides a streamlined and efficient way to reclassify these four items.
In QuickBooks Online Accountant, the "Batch Reclassify Transactions" tool can be used to reclassify the following four items:
1. Classes: The Batch Reclassify Transactions tool allows you to reclassify transactions based on their assigned classes. You can select a range of transactions and update the class assignment in bulk, which is useful for correcting any misclassifications or for making changes to your class structure.
2. Customers: With the Batch Reclassify Transactions tool, you can also reclassify transactions based on the customer associated with them. This is helpful when you need to make changes to the customer assignments for a group of transactions, ensuring accurate reporting and tracking of sales and expenses.
3. Products and Services: The Batch Reclassify Transactions tool enables you to reclassify transactions based on the products and services involved. By selecting a range of transactions, you can update the product or service assignment in bulk, allowing you to correct any misclassifications or make changes to your product and service categorizations.
4. Tax Code: The Batch Reclassify Transactions tool can be used to reclassify transactions based on their assigned tax codes. This feature is particularly useful when there are changes to tax regulations or when transactions have been mistakenly assigned incorrect tax codes. By selecting the transactions and updating their tax code in bulk, you can ensure accurate tax reporting and compliance.
The Batch Reclassify Transactions tool in QuickBooks Online Accountant provides a streamlined and efficient way to reclassify these four items, helping to maintain accurate financial records and ensure proper reporting and analysis of your business's data.
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define motivation.explain it's importance.
Answers
Answer:
motivation refers to those wishes,desire, drive that stimulates or activation the man to do things..
Explanation:
The important words here are 'needs', 'values' and 'goals' and these are the building blocks of motivation that lead to actions: Needs are basic requirements for survival and may be physical or psychological; for example, hunger, thirst, love or friendship.
I hope you are motivated to this answer......
Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
questions.
Online Content: Site 1
What is the main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired?
Answers
The main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired is:
Earned income is money gained though occupation.Capital additions are medium of exchange gained though investment(s).Salary, bonuses, commissions, and tips that you receive from an employer or the company are examples of earned money.
Capital gains are funds received as a result of the sale of an investment such as stocks or real estate. Earned income is often taxed more heavily than gains from investments, which are taxed less heavily.
As a result, the significance of the main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired are the aforementioned.
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Project 1 requires an original investment of $55,000. The project will yield cash flows of $15,000 per year for seven years. Project 2 has a calculated net present value of $5,000 over a four-year life. Project 1 could be sold at the end of four years for a price of $38,000.
Answers
if we are solely considering financial profitability, we should choose Project 1 over Project 2.
How to compare?
To compare the profitability of these two projects, we need to calculate the net present value (NPV) of each project.
For Project 1:
Initial investment = $55,000
Annual cash flow = $15,000
Project life = 7 years
Using a discount rate of 10%, we can calculate the NPV of Project 1 as follows:
NPV = -$55,000 + ($15,000 / 1.10) + ($15,000 / 1.10²2) + ... + ($15,000 / 1.10²7)
NPV = -$55,000 + $11,051.29 + $10,046.63 + ... + $4,583.72
NPV = $4,291.64
For Project 2:
Net present value = $5,000
Project life = 4 years
We don't have information about the initial investment or annual cash flows for Project 2, so we cannot calculate its NPV directly.
However, we know that Project 1 could be sold at the end of four years for $38,000. If we assume that this is the market value of the project at that time, then the NPV of Project 1 after four years would be:
NPV = -$55,000 + ($15,000 / 1.10) + ($15,000 / 1.10²2) + ... + ($15,000 / 1.10^4) + $38,000 / 1.10²4
NPV = -$55,000 + $11,051.29 + $10,046.63 + ... + $6,889.36 + $27,874.04
NPV = $896.32
Based on these calculations, Project 1 has a higher NPV than Project 2. Therefore, if we are solely considering financial profitability, we should choose Project 1 over Project 2.
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In risk management, what does risk evaluation involve?
A.
risk management planning
B.
risk resolution
C.
risk prioritization
D.
risk monitoring
Answers
Answer:
A
Explanation:
This is because risk assessment is a term used to describe the overall process or method where you: Identify hazards and risk factors that have the potential to cause harm (hazard identification). Analyze and evaluate the risk associated with that hazard (risk analysis, and risk evaluation)
LENGAGE |
1
MINDTAP
y It-Ch. 14 Assignment
2.
3.
O
Cindy Jo's Hair Salon is concerned about its rising costs of supplies, energy, and labor, so it is considering investing in better equipment, which
hopefully will reduce the time required to perform most hairstyles as well as result in better perceived quality by its customers. It predicts that
the added investment will increase output levels as well as reduce energy costs, since some of the new equipment (hair dryers) use less
electricity.
Inputs and Outputs
Hairstyles per week
Labor costs per week
Energy costs per week
Material costs week
Capital investment
Productivity
Current (this year)
Current (this year)
290
$950
$390
$360
50
Using the given information, determine the current and expected single-factor and total productivity measures. Do not round intermediate
calculations. Round your answers to three decimal places.
haircuts/dollar
haircuts/dollar
haircuts/dollar
haircuts/dollar
Q Search this course
>
Expected (next year)
360
$990
$335
$395
$13,000
Expected (next year)
haircuts/dollar
haircuts/dollar
haircuts/dollar
haircuts/dollar
Labor
Energy
Material
Total
What is the percentage change in total productivity? Do not round intermediate calculations. Round your answer to two decimal places.
Check My Work
Answers
The percentage change in total productivity 1. %increase = 13.3%
2. a. Increase = 11.5%
b. Increase = 37%
c. Increase = 10.8%
How to calculate Current and Expected year?
Productivity = total output/ total input
Productivity = weekly hairstyle/ (weekly labor cost + weekly energy cost + weekly material cost)
1. Current productivity:
Productivity = $0.15 per hairstyle
Expected productivity:
Productivity = 300/(1010+350+325)
Productivity = $0.17 per hairstyle
% increase = ($0.17/0.15) -1
%increase = 13.3%
2. a. labor productivity
productivity =total output/total input
current productivity = 250/960
current productivity = $0.26 per hair style
Expected productivity = 300/1010
Expected productivity = $0.29 per hair style
Increase = (0.29/0.26) -1
Increase = 11.5%
b. energy productivity
current productivity = 250/400
current productivity = $ 0.62 per hairstyle
expected productivity = 300/$350
Expected productivity = $0.85 per hairstyle
Increase =(0.85/0.62)-1
Increase = 37%
c. material productivity
current productivity = 250/300
current productivity = $0.83 per hair style
expected productivity = 300/$325
Expected productivity = $0.92 per hairstyle
Increase = (0.92/0.83)-1
Increase = 10.8%
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Name one thing you're afraid of when you think of college and career.
Answers
Answer:
finances
Explanation:
College is expensive and people that go to college have an expectation of landing a great paying job. Reality is that is not always the case. Often leading to a long time of paying of student debts.
On December 31, the trial balance indicates that the supplies account has a balance, prior to the adjusting entry, of $295. A physical count of the supplies inventory shows that $108 of supplies remain. Analyze this adjustment for supplies using T accounts, and then formally enter this adjustment in the general journal. (Trial balance is abbreviated as TB.)
Answers
Answer:
Supplies Account
Trial balance $295 | Adjustment $187
| Balance $108
$295 $295
Balance $108
Supplies Expenses Account
Adjustment $187 |
Adjusting journal entry
Date Account Titles Debit Credit
Supplies expenses $187
Supplies $187
(To record Supplies expenses)
Where should a user store frequently used icons on a computer?
Answers
Answer: they should be loaded on the tool bar
Explanation:
for quick and easy access
Please Help soon
Reflect on how the money multiplier concept can be an important tool of both expansionary as well as contractionary monetary policy for any central bank such as the U.S. Federal Reserve Bank?
Answers
The money multiplier can be used as an expansionary and also an expansionary tool by a given government.
What is an expansionary tool?As an expansionary tool, the money multiplier may be used to increase the amount of money supply that is in an economy. This would cause the interest rates to be low so that people would not have much benefits from saving their money.
As a contractionary toolThe money multiplier can be used to reduce the amount of money that is in circulation in a given economy. This would make people want to save more money in the bank because the interest rate is going to be raised.
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As a producer and seller of athletic shoes, apparel, and equipment, Nike sells
gross domestic products
goods
services
supplies
Answers
As a producer and seller of athletic shoes, apparel, and equipment, Nike sells goods.
Goods are tangible products that people buy to satisfy their wants and needs. Goods can be classified into two categories: consumer goods and producer goods.Consumer goods are items purchased by consumers for their own use and enjoyment, while producer goods are used by businesses to produce other goods and services.Therefore, Nike sells goods, which are tangible products such as athletic shoes, apparel, and equipment.Nike is a leading producer and seller of athletic shoes, apparel, and equipment. The company is one of the largest players in the sportswear industry and is recognized globally for its high-quality products and innovative designs. As a producer and seller of these goods, Nike contributes significantly to the gross domestic product of many countries. The gross domestic product is the total value of goods and services produced in a country within a particular period.For more questions on Nike
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hyde's headphones sells deluxe headphones for $90 each. Unit variable expenses total $50. The breakeven sales in units is 2,000 and budgeted sales in units is 4,525. What is the margin of safety in dollars
Answers
Answer:
See below
Explanation:
Given the above information, margin of safety in dollars is computed as;
= (Total sales - Break even sales) × Sales price
= (4,525 - 2,000) × $90
= $227,250
Therefore, the margin of safety in dollars is $227,250
what is the minimum wage for SA
Answers
the new National Minimum Wage for South Africa has been made public by the Department of Employment and Labour. Starting on March 1st, 2023, the current minimum wage of R23,19 per hour will increase to R25,42 per hour (an increase of around 9,6%).
The minimal amount of compensation that an employer is compelled to pay wage earners for the job completed during a particular period, which cannot be reduced by a collective agreement or an individual contract, is referred to as the "minimum wage."The South African government may impose penalties on employers who fail to pay the minimum wage. If a defined weekly wage is used, the monthly wage is multiplied by 4.33. If an hourly rate is specified, it is computed as 4.33 times the weekly average.
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